i am just figuring out either my time techs are matching with price techs either im 1 hr late or 30 mins or advance or are my time techs matching with the price techs, this is very very tough well i am figuring it out. so ppl please apologies in advance for my over posting, today my brain is working faster than super computer
What exactly are your time techs? Have I missed one of your charts showing these?
No problem with what you consider "over posting'. You're not. You're just keeping us up to date with what you see.
Rco can you tell me the criteria that confirms that this is the lower high please? Are we sure?
Just observing that the highest high during the tagging of the upper BB20 were lower than the high during the previous tag (red ellipses). It takes at least two bars to print to see if a lower high will hold or not.
The updated chart shows that while the lower high did occur, the bulls manage to do a reversal while still within the bands(green ellipse). This produced a higher high which indicated that multiple resistances (yellow ellipse) were needed to contain the up action. The 1hour BB20 upper band represented the multiple resistance levels.
Bears still are in control so expect any up move to get faded at resistance.
Just observing that the highest high during the tagging of the upper BB20 were lower than the high during the previous tag (red ellipses). It takes at least two bars to print to see if a lower high will hold or not.
The updated chart shows that while the lower high did occur, the bulls manage to do a reversal while still within the bands(green ellipse). This produced a higher high which indicated that multiple resistances (yellow ellipse) were needed to contain the up action. The 1hour BB20 upper band represented the multiple resistance levels.
Bears still are in control so expect any up move to get faded at resistance.
great help Rco. Many many thanks...keep posting your beautifull charts
What exactly are your time techs? Have I missed one of your charts showing these?
No problem with what you consider "over posting'. You're not. You're just keeping us up to date with what you see.
actually these time/price techs relation, i am not in a position to explain it well, first i need to see that prices going to 1.2745/50/55 then coming back down to 1.2650/60 and then again going up to break touch 1.2865/75. this is crazy stuff way crazy more than you think mate, this is not technical trading or mechanical trading. this is prediction trading a new form of trading which i am working on lol
my teacher/mentor once said pros are killed by over confidence and ordinary traders are killed by lack of confidence
Happy Facebook Friday Traders! Here is the Speculative Sentiment for 5/18/2012
Hello Traders,
The US economic announcement cabinet is empty as all eyes will be on the Facebook IPO and the G8 Meeting in Camp David 63 miles from Washington D.C.
This G8 meeting will last 3 days and end Sunday. The statement following will be heavily watched as some type of collective intervention or other announcement could be in store!
Happy Trading!
Greg McLeod
DailyFX Forum Moderator
SSI Details: EURUSD - The ratio of long to short positions in the EURUSD stands at 1.34 as nearly 57% of traders are long. Yesterday, the ratio was at 1.60 as 62% of open positions were long. In detail, long positions are 5.0% lower than yesterday and 3.6% weaker since last week. Short positions are 13.0% higher than yesterday and 1.4% stronger since last week. Open interest is 1.9% stronger than yesterday and 3.2% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
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if prices closes above 2721 this hour than i was late 1 hour with matching with time and if prices closes the next hour above 2721 than i am two hours late!
lets see where this crap of mine ends
trade safe!
The CCI crossings at the 100/-100 are useful in determining Buy/Sell.
On the Tick chart, I used a different set of Bollinger parameters and only two bands, the BB600 and BB1200.
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Originally Posted by turmaz
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